Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide. The company's principal products include subsea and surface wellheads, subsea and surface production trees, mudline hanger systems, specialty connectors and associated pipes, drilling and production riser systems, liner hangers, wellhead connectors, diverters, and safety valves, as well as downhole tools. It also provides technical advisory services, and rework and reconditioning services, as well as rental and purchase of running tools for use in the installation and retrieval of its products; and downhole tools comprise of liner hangers, production packers, safety valves, and specialty downhole tools that are used to hang-off and seal casing into a previously installed casing string in the well bore. The company's products are used to explore for oil and gas from offshore drilling rigs, such as floating rigs and jack-up rigs; and for drilling and production of oil and gas wells on offshore platforms, tension leg platforms, and Spars, as well as moored vessels, such as floating production, storage, and offloading monohull moored vessels. It sells its products directly through its sales personnel, independent sales agents, and representatives to integrated, independent, and foreign national oil and gas companies, as well as drilling contractors, and engineering and construction companies. The company was founded in 1981 and is headquartered in Houston, Texas.
Company profile
Ticker
INVX, DRQ
Exchange
Website
CEO
Mr. Jeffrey J. Bird
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Ault Global Holdings, Inc., BitNile Holdings, Inc., DIGITAL POWER CORP, DPW Holdings, Inc.
SEC CIK
Corporate docs
Subsidiaries
Dril-Quip Holdings • Dril-Quip do Brasil Ltda. • Great North Wellhead ULC • Redco Equipment Sales ULC • Dril-Quip Oilfield Services (Tianjin) Co., Ltd. • Dril-Quip AP Holdings LLC • Dril-Quip Foreign Interests LLC • Dril-Quip Holdings LLC • Dril-Quip International LLC • Dril-Quip Investments LLC ...
IRS number
742162088
INVX stock data
Latest filings (excl ownership)
S-8
Registration of securities for employees
17 Sep 24
S-3
Shelf registration
17 Sep 24
8-K/A
Report of Independent Registered Public Accounting Firm
16 Sep 24
8-K
Departure of Directors or Certain Officers
12 Sep 24
8-K
Innovex and Dril-Quip Complete Merger, Creating Unique Energy Industrial Platform
6 Sep 24
8-K
Submission of Matters to a Vote of Security Holders
5 Sep 24
425
Business combination disclosure
4 Sep 24
425
Business combination disclosure
28 Aug 24
425
Business combination disclosure
28 Aug 24
424B3
Prospectus supplement
26 Aug 24
Transcripts
INVX
Earnings call transcript
2023 Q4
27 Feb 24
INVX
Earnings call transcript
2023 Q3
27 Oct 23
INVX
Earnings call transcript
2023 Q2
1 Aug 23
INVX
Earnings call transcript
2023 Q2
1 Aug 23
INVX
Earnings call transcript
2023 Q1
9 May 23
INVX
Earnings call transcript
2022 Q4
28 Feb 23
INVX
Earnings call transcript
2022 Q3
28 Oct 22
INVX
Earnings call transcript
2022 Q2
29 Jul 22
INVX
Earnings call transcript
2022 Q1
29 Apr 22
INVX
Earnings call transcript
2021 Q4
27 Feb 22
Latest ownership filings
SC 13D
Amberjack Capital Partners, L.P.
13 Sep 24
4
Kendal Reed
10 Sep 24
4
Change in insider ownership
10 Sep 24
4
Mark Reddout
10 Sep 24
4
W. Patrick Connelly,
10 Sep 24
4
Angie Sedita
10 Sep 24
4
Bonnie S. Black
10 Sep 24
4
Adam Anderson
10 Sep 24
3
Kendal Reed
10 Sep 24
3
Initial statement of insider ownership
10 Sep 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 189.22 mm | 189.22 mm | 189.22 mm | 189.22 mm | 189.22 mm | 189.22 mm |
Cash burn (monthly) | 4.36 mm | 3.94 mm | 1.56 mm | 1.99 mm | 3.10 mm | (no burn) |
Cash used (since last report) | 12.65 mm | 11.43 mm | 4.51 mm | 5.76 mm | 9.00 mm | n/a |
Cash remaining | 176.57 mm | 177.79 mm | 184.71 mm | 183.46 mm | 180.22 mm | n/a |
Runway (months of cash) | 40.5 | 45.1 | 118.8 | 92.4 | 58.1 | n/a |
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Sep 24 | Bird Jeffrey J. | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 41,251 | 635.68 k | 205,684 |
6 Sep 24 | Bird Jeffrey J. | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 59,438 | 915.94 k | 246,935 |
6 Sep 24 | Bird Jeffrey J. | Common Stock | Grant | Acquire A | No | No | 0 | 151,046 | 0.00 | 306,373 |
6 Sep 24 | Donald M Underwood | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 6,545 | 100.86 k | 32,196 |
6 Sep 24 | Donald M Underwood | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 9,344 | 143.99 k | 38,741 |
6 Sep 24 | Donald M Underwood | Common Stock | Grant | Acquire A | No | No | 0 | 23,742 | 0.00 | 48,085 |
6 Sep 24 | Kyle McClure | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 21,802 | 335.97 k | 94,442 |
6 Sep 24 | Kyle McClure | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 31,950 | 492.35 k | 116,244 |
6 Sep 24 | Kyle McClure | Common Stock | Grant | Acquire A | No | No | 0 | 81,189 | 0.00 | 148,194 |
6 Sep 24 | James C. Webster | Common Stock | Payment of exercise | Dispose F | No | No | 15.41 | 16,989 | 261.80 k | 78,643 |
News
Dril-Quip Challenges Comments On Glass Lewis Report; Urges Stockholders To Vote "FOR" Merger with Innovex Downhole Solutions
28 Aug 24
Dril-Quip, Innovex Agree To Withdraw Submission Of Charter Amendment Proposal
26 Aug 24
GAMCO Asset Management Opposes Dril-Quip's Merger With Innovex Downhole Solutions Scheduled For Vote September 5, 2024
14 Aug 24
Dril-Quip Says Due To The Pending Merger With Innovex, The Company Has Suspended Providing Earnings Guidance Updates
1 Aug 24
Dril-Quip Q2 EPS $(0.05) Misses $0.22 Estimate, Sales $120.34M Miss $121.00M Estimate
1 Aug 24
Press releases
Innovex and Dril-Quip Complete Merger, Creating Unique Energy Industrial Platform
6 Sep 24
Dril-Quip Urges Stockholders to Vote "FOR" Merger with Innovex TODAY
4 Sep 24
Dril-Quip Challenges Accuracy of Glass Lewis Report and Urges Stockholders to Vote "FOR" Merger with Innovex
28 Aug 24
GAMCO: Glass Lewis Firmly Opposes Dril-Quip Merger
26 Aug 24
Dril-Quip and Innovex Announce Withdrawal of Charter Amendment Proposal
26 Aug 24